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People who use guaranteed investment certificates have seen virtually no change in interest rates, and the same goes for high-interest savings accounts.
People who use guaranteed investment certificates have seen virtually no change in interest rates, and the same goes for high-interest savings accounts.
(Fuse/thinkstock)

GICs beat laddered bond ETFs, hands down

One of the most popular investing products of the past few years is the laddered bond ETF, a mega-convenient way to add conservative fixed income exposure to a portfolio.

But not the best way. A ladder of guaranteed investment certificates is better, as long as you don’t foresee the need to sell your holdings before maturity. Laddered bond ETFs can be bought and sold any time during the trading days, so they win decisively over GICs on liquidity.